The Proactive Solutions Blog

Are you creating an opportunity for fraud?

As business owners, business consultants and certified public accountants for over 35 years, we have witnessed fraud firsthand and have seen fraud in approximately 20%-30% of businesses. Many of these fraud cases were committed by a trusted employee.

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Early retirement might be in your future

Two-thirds of workers want to work until age 65 or later, but deteriorating health and mental decline can make this difficult. This is especially true for jobs that involve physical labor, but also for white-collar jobs where fluid cognitive abilities are important.

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BDO Manufacturing Output Newsletter - Spring 2016

Take a look at the Spring 2016 Manufacturing Output Newsletter, which includes the following articles:

  • Sustainable Manufacturing Credits & Incentives to Know in 2016
  • Traditional Manufacturing vs. Advanced Manufacturing Infographic
  • R&D Tax Credit Enhancements Provide More Cash-Saving Opportunities for Manufacturers
  • PErspective in Manufacturing
  • How Low Can They Go? A Look at How Oil Prices Could Impact Manufacturers 

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The Latest in Accounting for Government Assistance – What Nonprofits Need to Know

Back in November 2015, the FASB released a proposed accounting standard update (ASU) designed to increase transparency about government assistance to businesses for comment. This proposed ASU,Government Assistance (Topic 832): Disclosures by Business Entities About Government Assistance, was developed in response to increasing levels of monetary assistance from both the federal government and state and local governments as well. In the proposed ASU, nonprofits have been initially scoped out.

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Millennial Buyers Expect Energy Savings


A three-pronged approach can help meet young buyers’ demands for high-performance homes with proven results.

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Domestic Production Deduction

Builders have available to them a little known deduction called the Domestic Manufacturing Deduction or called by its code section “The 199 Deduction”. The deduction is available to builders who have profits and payroll.

The 199 deduction is allowed to all taxpayers—individuals (shown on Form 1040 line 35), and C corporations (shown on Form 1120 line 25). The 199 deduction for partnerships and S corporations (reported on Form K-1 in box 13) flows through to the owner’s individual tax return.

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Work Opportunity Tax Credit

Did you hire workers who qualified for the Work Opportunity Tax Credit in 2015? 

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Spring is here, and it's time for nonprofit organizations to "clean house" by examining their management and overall performance. To learn more on the latest developments and trends in the nonprofit industry, take a look at the latest issue of BDO's Nonprofit Standard. It includes:

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Home Office Deduction

If you use your home for business, you may be able to deduct expenses for the business use of your home. If you qualify, you can claim the deduction whether you rent or own your home. You may use either the simplified method or the regular method to claim your deduction. Here are six tips that you should know about the home office deduction:


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Be aware of major mid-April tax deadlines

April is a busy month for taxes. Here are filing requirements to keep in mind.

  • 2015 individual income tax returns or an automatic extension.
  • 2015 partnership returns for calendar year partnerships.
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